Re: Gold
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First, why are you using line charts??
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I don't know, what kind of charts should I use? I obviously got these off of Yahoo, it's the default there. I don't use charts for anything, so I don't know what the cool kinds of charts are all about.
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1) I would look for a buy opportunity on a breakout to new 52 week highs.
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#1 is Bank of America. Whether it breaks out of its 52 week range or not, I doubt it's a good buy.
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2) Looks like it could be a buy right here, but it has some resistance at 60.
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#2 is Wynn Resorts. I think it would be a good buy.
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3) This one broke down from an uptrending channel in Oct... pass.
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#3 is STR. I have no idea what the company does or even what its name is. I just felt like putting a random one in.
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4) Missed the boat on this one, should have bought the Nov breakout!
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#4 is Monsanto. I do not believe we missed the boat. They've got a few new products coming out over the next 5 years, one of which is corn that can grow without water. The price is still far too low.
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5) Its in a downtrend and volume is too light for my consideration... maybe ff has a thought on this one?
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#5 is Onvia. Onvia provides b2g contract information. It's a pretty bad microcap stock. It jumps on news releases and then moves back down without ever really going anywhere.
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